Get Loan Against Industrial Property @9.5% p.a.

Q: Can I get a loan against an industrial property if it's mortgaged?

Yes, you can secure a Loan Against Industrial Property that's mortgaged. However, do note that the outstanding mortgage amount will be considered during the loan approval process.

Q: How long does it take to process a Loan Against Industrial Property?

The loan processing time can vary among different lenders. Nevertheless, quick approvals are possible with complete documentation and a well-prepared loan application.

Q: Can I use the loan for purposes other than business expansion?

Yes, you can use the loan for various purposes, including boosting working capital, debt consolidation, equipment purchase, etc.

Get Loan Against Industrial Property in India at Attractive Interest Rates

When it comes to business financing for growth and expansion, securing a substantial amount of capital is often a daunting task. Luckily, there is a viable option that entrepreneurs and business owners in India can consider to fulfil their business goals – Loan Against Industrial Property. By obtaining a Loan Against Property from Poonawalla Fincorp, you can leverage the value of your industrial real estate and use the amount to fund any project that requires significant funds.

EMI Calculator for Loan Against Industrial Property

Loan Amount

51,00,000 25,00,00,000

Interest Rate %

9.5% 15%

Tenure

3 Year 15 Years

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EMI Amount = *

Check Repayment Schedule
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Interest Rate & Charges for Loan Against Industrial Property

Explore better financial possibilities with our Loan Against Industrial Property. Benefit from competitive interest rates starting at 9.5% p.a. See below for more details:

Interest Rate	9.5% p.a. onwards
Loan Amount	From ₹51 Lakh to ₹25 Crore
Loan Processing Fees	Up to 2%
Lowest EMI per month	1044* per Lakh for 180 months
Maximum Tenure	3-15 years (12 years for Industrial/Warehouse)
Foreclosure/Prepayment Charges	5% on principle outstanding plus applicable taxes. 5% on principle partly paid amount plus applicable taxes.
Default Charges	24% per annum
Repayment Instrument Dishonour Charges	₹500 per bounce plus applicable taxes
Stamp Duty	At actuals (as per state)
No Other Hidden Charges

Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.

Types of Industrial Properties in India

India's industrial real estate sector offers a diverse range of property types. Here's a concise overview:

Manufacturing Plants/Fabrication Facilities: Factories for assembling and producing goods.
Distribution Warehouses: Storage and distribution facilities near transportation hubs.
Private Warehouses: Used for storage, often near production units.
Flex Space: Versatile buildings for various uses, including office, R&D, and warehousing.
Data Centres: Specialized facilities for hi-tech industries.

These properties cater to different business needs, making it important to understand their distinctions for investment or business operations.

Required Eligibility Criteria for Loan Against Industrial Property

Income

Property Ownership

Age

Credit Score

Property Type

Income: Lenders assess your income to ensure your ability to repay the loan.
Property Ownership: You must be the legal owner of the property that will be used as collateral.
Age: Applicants’ age should be between 18 to 60 years.
Credit Score: A good credit score enhances your chances of getting quick loan approval.
Property Type: The property must be either residential or commercial, with clear ownership.

Required Documents for Loan Against Industrial Property

Proof of Identity
Address Verification
Property Documents

Income Documents
Bank Account Statements

Benefits of Loan Against Industrial Property

A Loan Against Industrial Property comes with numerous benefits for businesses in India, such as:

Competitive Interest Rates
High Loan Amounts

Flexible Repayment Tenure
No Transfer of Property Ownership

Competitive Interest Rates: Our Loan Against Property is offered at competitive interest rates.
High Loan Amounts: The value of the loan is determined by the property's market value, allowing you to access substantial capital for your business.
Flexible Repayment Tenure: You can determine the repayment schedule to suit your financial capabilities and business needs.
No Transfer of Property Ownership: Unlike equity financing, a Loan Against Industrial Property doesn't require business owners to give up ownership stakes in their companies.